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Latin Reporting Monitor

This section contains news about sustainability reporting developments in — or relevant to — Latin America and Spain.

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PAST NEWSLETTERS


Newsletter 1 (August-December 2004)
Newsletter 2 (January-May 2005)


LATIN AMERICAN DEVELOPMENTS


Natura wins award for best Sustainability Report in Brazil
From PremioBalançoSocial.org.br (5 Sept. 05)
Summary: The 2005 ceremony took place at Bovespa (Sao Paulo’s Stock Exchange) in September 2005. Natura won the award for best national report. CPFL won the award for best report in Sao Paulo. A list of winning companies is available at http://www.premiobalancosocial.org.br/vencedores-2005.asp.

Twenty-two companies selected at finalists for Brazilian Reporting Award
From PremioBalançoSocial.org.br (31 August 05)
http://www.premiobalancosocial.org.br/noticia11.asp
Summary: The organizers of the Premio Balanço Social 2005 (a non-financial reporting award in Brazil) - Aberje, Apimec, Ethos, Fides, Ibase - announced the names of the 22 companies that made it to the final round.

Gerdau AZA publica su primer informe de Responsabilidad Empresarial
From Accion RSE (based on Press release from Gerdau Aza) (23 Aug. 05)
http://www.accionrse.cl/home/news_boletin.html
Summary: Gerdau Aza worked for a year on the publication of its first sustainability report and the company used the Guidelines from the Global Reporting Initiative (GRI). The report is available at http://www.gerdauaza.cl.




GLOBAL DEVELOPMENTS

Transatlantic Trends in Reporting
From UK-based consultancy Context (12 Oct. 05)
http://www.econtext.co.uk
Summary: According to the report, despite apparent enthusiasm for partnership and engagement, very few companies on either side of the Atlantic provide space in their Corporate Responsibility reports for stakeholder voices.

Why mandatory reporting has fallen from the EU agenda
From Ethical Corporation (19 Aug. 05)
http://www.ethicalcorp.com/content_print.asp?ContentID=3833
(* Registration required)
Summary: According to European commissioner Vladimir Spidla, the issue of mandatory reporting will not appear in the next EU communication on corporate social responsibility. The article explores whether the pullback on mandatory disclosure in the agenda of the European Union is symptomatic of a wider reform agenda.

Gap and Nike Engage Stakeholders For Assurance Statements on Sustainability Reports
From CSR Wire (14 July 05)
http://www.csrwire.com/sfarticle.cgi?id=1755
Summary: Sustainability reports, whose credibility is enhanced by such stakeholder engagement and assurance statements, are gaining in significance, as KLD indexes add Nike due in part to its report.

New non-financial reporting guide for Directors
From Business in the Community (05 July 05)
http://www.bitc.org.uk/news/news_directory/reporting_2.html
Summary: A new guide (A Director’s Guide to Corporate Responsibility Reporting) for companies to help them improve their corporate responsibility reporting was published by Business in the Community. It draws on best practice and the experience of a number of Business in the Community’s member firms. It is designed to guide directors through five questions facing decision makers as they develop a reporting strategy that is appropriate to their business. Use the link above to download the guide.

KPMG Finds More Than Half of Fortune 250s Issuing Standalone Sustainability Reports
From CSR wire (22 June 05)
http://www.csrwire.com/sfarticle.cgi?id=1742
Summary: A surveying by KPMG shows that more than half of the the top 250 companies in the Fortune 500 produce sustainability reports, the percentage rises to almost two thirds when considering annual financial reports that address sustainability issues.

Corporate reporting - Global reporting evolves
From Ethical Corporation (13 Sept. 05)
http://www.ethicalcorp.com/content_print.asp?ContentID=3883
(* registration required)
Summary: The 3rd Generation Sustainability Reporting Guidelines (G3) are the latest planned installments of the Global Reporting Initiative’s drive to tackle three core challenges: improvements in the guidelines; digital development; and education programs to help move the organization towards sustainability and financial independence.